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20130131
Search Results 0 to 22 of about 23 (some duplicates have been removed)
with bawsca to work it out. and appreciate all the work of the attorneys and outside attorne attorneys. and we worked well together, this matched what our board approved. no need to go back for other approvals. i hope we can go forward today and issue bonds in mid-january, thank you. >> any public comment on this item? hearing none, public comment is closed. madam secretary, read the next order of business. >> item 9 is consent calendar, items are to be considered to be retained by the san francisco public utilities commission, and will be acted upon by a single vote of the commission. >> would any commissioners wish to remove any items? seeing none, we will take them together. motion? >> move. >> second. >> motion is moved and seconded. any discussion? is there any public comment? seeing none. public comment is closed. all in favor signify by saying aye. >> aye. >> opposed? >> the ayes have it, the motion carries. madam secretary, the next order of business. >> item 10, discussion and possible action to approve and execute a wholesale water revenue prepayment collection and agreement. >> todd
of the items you just set forth in letter form that would -- [inaudible]. >> the bawsca letter outlined some deadline and i intend to meet those dead lines the other thing that i will do if you want, and if the general manager is in agreement would be to brief you every two weeks on the progresses being made but for sure as i mentioned we will ameliorate all of the dead lines and i think some of them were in the february or and i'll make sure that we meet those dead lines. >> good and i would like to add to that, that i think we should look at the five project that we have in preconstruction. yes. see if there is anything that can be done. >>> yes, it will certainly be in the best -- that is a very good point because often once a project goes into construction is to some extent we have more control. but in preconstruction x there is the review process and there are measured potentials at time for delays so, your vice will be taken and we will look at those as well. >> can i point out -- >>> i just want to point out that it is a challenge that julie is facing because as the project
of the agreement also indemnifies the puc for costs that may result due to bawsca's erroneous determination of the surge charge that the tax-exempt bonds are taxable unless deemed taxable due to the puc's violation of the certificate. i'm just trying to understand what that means. >> what that means is just like when we sell bonds we're required to use the bond proceeds for eligible uses. so the tax certificate that is before you today says that the sfpuc will provide the best efforts to depend tax-exempt proceeds on capital eligible spending which is why the spending plan on one of the slides specifically lays out how we're using tax-exempt bond proceeds. so we follow our best efforts and review those and the city spends the money consistently and the bawsca would members would indemnify us. see its a protection. >> so they would mid-atlantic sure that the surge charges levied are enough to cover? >> that ; is that correct?. all the risks are a burden on them. we have to then use our best efforts to be consistent with the irs regulations just like we do for the $5 billion of bonds that
. our chancing with bawsca i have a few items to report first of all, on the heals of your bonding success we are about to have bonding success we have received a double a minus rating on our bonds -- thank you next week i'll fly too new york and talk to loan buyers and ring the bell and we anticipate the save's very much the along the same line as yours thank you for your support and your staff support on that item. wet a meeting last thursday night the new chair of our board is ireneconel and the new vice chair is rando from city of bris obtain and they do city work with the city of bris obtain as well and we have a board policy committee it's our one standing committee and there will be new members appointment to that i suspect and some carry over with respect to our board meeting we had two items of interest one related to item 11 on calaveras dam and the other one is on the agreement and i'll withhold my comment until we get to that. >> we are ready to move to the public items? or consent calendars any consent items that you wish to remove. >>> item nine, items nine f
Search Results 0 to 22 of about 23 (some duplicates have been removed)